EOS Network has launched a revamped staking rewards program, allocating 250 million EOS tokens as part of a new tokenomics plan. The program offers an initial annual percentage yield (APY) of over 60%, with a daily distribution of 85,600 EOS tokens. The program also introduces a 21-day lock-up period, extending from the previous four days.

In addition to this, EOS Block Producers will now receive network-generated fees on top of their block rewards, encouraging further infrastructure support as the network grows. This move follows the approval of new tokenomics by EOS block producers a month ago, which saw a transition to a fixed 2.1 billion token supply and a reduction of FDV by 80%.

Despite these changes aimed at driving ecosystem growth and incentivizing early participation, the overall market outlook remains pessimistic. The extended lock-up period may deter potential investors seeking more liquidity, and the high initial APY could be unsustainable in the long run. The success of this new program and its impact on EOS network performance and participant engagement remains to be seen.